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February 18, 2020
Question

Estate sale

  • February 18, 2020
  • 1 reply
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My sisters and I had a Deed Reserving Life Estate on my dad's property. I live in ND and dad in NC. My dad passed away in Jan 2019. We sold the property in April 2019. I lived there for 3 years as his care provider. We received a 1099S for the proceeds on the sale of the house. The proceeds were divided by 3. I have no idea how to enter the sale of the house on  my taxes and how it affects me, as a non resident of NC. Any help will be appreciated.

LJ

1 reply

February 18, 2020

Click this link for instructions on How to Enter a 1099-S in your Federal return.

 

Yes, you will need to report the sale of inherited property in your Non-Resident State in most cases. 

 

This link provides more information on Sale of Inherited Property in Non-Resident State.